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Mumias Sugar huge demand
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sky5
#41 Posted : Wednesday, October 31, 2012 4:38:23 PM
Rank: Member


Joined: 5/7/2010
Posts: 282
Location: Nairobi
dunkang wrote:
FUNKY wrote:
Only three days left for book closure and this counter is going down instead of going up!!


Very commotional stock this is. Hii kanyangarika will tank ex. div. to 5/-.

Am exiting this mbus!!!!


The safest time to board a bus is when is has slowed down!!
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mlennyma
#42 Posted : Wednesday, October 31, 2012 7:08:43 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Mumias was hoping the share will rise to do a rights issue but as things appear 5 will soon come or even 4.50
"Don't let the fear of losing be greater than the excitement of winning."
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maka
#43 Posted : Wednesday, October 31, 2012 7:19:36 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mlennyma wrote:
Concerns are cane shortage and slow implementation of supporting projects.

....can this be sorted?Yes it can...depends on how proactive the MD can get,as it tanks hope someone is buying.
possunt quia posse videntur
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kenmac
#44 Posted : Friday, November 02, 2012 11:48:02 AM
Rank: Elder


Joined: 5/26/2009
Posts: 1,793
today is the book closure for 0.5/= dividend and this stock is still in the range of 6.05-6.10.


Not good.
......Ecclesiastes
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guru267
#45 Posted : Friday, November 02, 2012 11:50:59 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
kenmac wrote:
today is the book closure for 0.5/= dividend and this stock is still in the range of 6.05-6.10.


Not good.


True Babylon situation!!!
Mark 12:29
Deuteronomy 4:16
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wilyum
#46 Posted : Friday, November 02, 2012 11:54:46 AM
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Joined: 12/21/2011
Posts: 1,010
its just a sad!
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FUNKY
#47 Posted : Friday, November 02, 2012 12:19:57 PM
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Joined: 4/30/2010
Posts: 1,635
I will be waiting for it to reach 4/- and then buy buy buy and wait for six month results which should be good as there has been good rain fall and no cane shortages reported also.
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maka
#48 Posted : Friday, November 02, 2012 1:08:23 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
wilyum wrote:
its just a sad!

..good for those after the dividend thts 8%
possunt quia posse videntur
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wilyum
#49 Posted : Friday, November 02, 2012 1:43:56 PM
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Joined: 12/21/2011
Posts: 1,010
@maka,true,bt after tht dvd,exit.....
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King G
#50 Posted : Friday, November 02, 2012 3:01:18 PM
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Joined: 6/20/2012
Posts: 3,855
Location: Othumo
monday will slump to the range of 5-5.50 bob
Thieves
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mlennyma
#51 Posted : Friday, November 02, 2012 3:08:00 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Today mumias is graduating to a monkey come monday.
"Don't let the fear of losing be greater than the excitement of winning."
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hisah
#52 Posted : Friday, November 02, 2012 3:42:32 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
VWAP closes @ 6.05/- Monday it goes exdiv and a 10% (dip limit) dip will see it print 5.45/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#53 Posted : Monday, November 05, 2012 11:23:32 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
King G wrote:
monday will slump to the range of 5-5.50 bob

Currently at 5.50...
GOD BLESS YOUR LIFE
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wilyum
#54 Posted : Monday, November 05, 2012 11:26:46 AM
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Joined: 12/21/2011
Posts: 1,010
supply supply,every1 rushing to sell..
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maka
#55 Posted : Monday, November 05, 2012 12:10:31 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
wilyum wrote:
supply supply,every1 rushing to sell..

..Question is if it goes lower would you buy?
possunt quia posse videntur
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FUNKY
#56 Posted : Monday, November 05, 2012 12:17:52 PM
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I will buy at 4 bob!
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King G
#57 Posted : Monday, November 05, 2012 1:01:48 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
FUNKY wrote:
I will buy at 4 bob!


It will have some serious support level @4.8 bob if it ever reaches there. unless of course there will be fear due to events of March 2013.
Thieves
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VituVingiSana
#58 Posted : Monday, November 05, 2012 2:12:44 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,098
Location: Nairobi
Hmmm, @KingG makes an excellent point. In 2008, cane went unharvested [spoilt, degraded] due to clashes & fear among many in the 'volatile' areas. The crop was delivered, if at all, to the factory in poor condition.

Furthermore, sugar stockpiled at Mumias factory/godowns since the roads to market [Nairobi, RV & Central] were blocked/inaccessible unless one was the 'right' tribe! Not to mention there were 'tolls' to be paid at these 'roadblocks'.

Therefore Mumias was spending money on production & interest on working capital for months while not 'moving' the product to market. Furthermore, some of the outlets (customers) were broke after their premises were burnt (Ukwala) or run away, if not killed, abandoning their business premises.

Suddenly, Mumias does not look as attractive unless there is peace & free movement of goods & people in 2013. I expect a run-off which means the 'elections' will run from March to April 2013.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Metasploit
#59 Posted : Tuesday, November 06, 2012 11:35:06 AM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
King G wrote:
FUNKY wrote:
I will buy at 4 bob!


It will have some serious support level @4.8 bob if it ever reaches there. unless of course there will be fear due to events of March 2013.


Heading back to 6.00
Good lesson learnt.Recent stocks that went ex div recovered very fast from dip.
Av plunged into Kengen full throttle.

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Njung'e
#60 Posted : Tuesday, November 06, 2012 12:28:15 PM
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Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
3 bob.
Nothing great was ever achieved without enthusiasm.
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